The VIX, often called Wall Street's fear gauge, has this year fallen to its lowest level since before the COVID-19 pandemic. That shows that investors are actually expecting markets to be quite calm. But it doesn't necessarily mean that they will be, though: volatility is low because lots of stocks are moving in different directions at the same time. So on balance, Josh, does this all mean that a correction is inevitable eventually?
Europe, America and Asia are all enduring scorching heatwaves, air temperatures are repeatedly breaking records and the health impacts are alarming. But is the worst yet to come? Why risky assets are proving more resilient than investors expected despite war, inflation and the threat of recession (10:10). And Europe says farewell to its symbolic small cars (16:50).
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